BTCUSD
Plotted all the possible reversal points for BTC. All the horizontal lines represent the historically valid support zones in which price has been supported.
Historically, BTC has bounced off the 200 MA. Will we finally see the bottom of this bear market? That depends on the weekly candle close. But given that the 3rd MA touch coincides with the 21k support area, I do think we may see a relief rally or a consolidation in this area.
Historically, BTC has bounced off the 200 MA. Will we finally see the bottom of this bear market? That depends on the weekly candle close. But given that the 3rd MA touch coincides with the 21k support area, I do think we may see a relief rally or a consolidation in this area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.